How Is Markup Percentage Calculated

question 268

Short Answer

How is markup percentage calculated?
By dividing the selling price by fixed costs
By adding the selling price and the cost of advertising
By dividing the selling price by the dollar amount of the markup
By dividing the dollar amount of the markup by the selling price
By dividing inventory by the selling price

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Definitions:

-derma

A suffix in medical terms indicating skin or a skin-related condition.

Skin

The body's largest organ, which protects us from microbes and the elements, helps regulate body temperature, and permits the sensations of touch, heat, and cold.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or affects a specific location and is not simply a direct result of physical injury.

-pathy

A suffix used in medical terms to describe a disease or disorder affecting a specific body part or system.